China’s biotech industry is booming — without drawing the best and brightest ‘sea turtles’ from the U.S.

en years ago, China hatched an ambitious plan to bring home its best and brightest scientists and entrepreneurs. Government officials would offer funding, tax breaks, and other perks to Chinese-born luminaries working overseas — and appeal to their sense of nationalism — to convince them to permanently relocate to China to feed what they hoped would be a renaissance in the country’s long underachieving biotech sector.